The Ensign Group, Inc. (NASDAQ:ENSG) Given Consensus Rating of “Moderate Buy” by Analysts

The Ensign Group, Inc. (NASDAQ:ENSG) has received an average rating of “Moderate Buy” from the six ratings firms that are presently covering the firm, MarketBeat reports. One investment analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. The average twelve-month price target among analysts that have issued a report on the stock in the last year is $164.33.

ENSG has been the topic of a number of recent analyst reports. Stephens lifted their price objective on shares of The Ensign Group from $163.00 to $167.00 and gave the company an “overweight” rating in a research note on Monday, October 28th. Oppenheimer boosted their price target on shares of The Ensign Group from $165.00 to $168.00 and gave the stock an “outperform” rating in a research report on Friday, October 25th. Truist Financial increased their price objective on shares of The Ensign Group from $160.00 to $170.00 and gave the company a “hold” rating in a report on Monday, October 28th. Royal Bank of Canada boosted their target price on The Ensign Group from $167.00 to $172.00 and gave the stock an “outperform” rating in a report on Monday, October 28th. Finally, UBS Group initiated coverage on The Ensign Group in a research note on Thursday, November 21st. They set a “buy” rating and a $175.00 price target for the company.

Insider Buying and Selling

In other news, CEO Barry Port sold 5,618 shares of the company’s stock in a transaction on Thursday, August 29th. The stock was sold at an average price of $150.00, for a total transaction of $842,700.00. Following the completion of the sale, the chief executive officer now directly owns 53,716 shares of the company’s stock, valued at $8,057,400. This represents a 9.47 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. 3.90% of the stock is currently owned by insiders.

Institutional Trading of The Ensign Group

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Opal Wealth Advisors LLC purchased a new position in shares of The Ensign Group in the second quarter worth approximately $31,000. EntryPoint Capital LLC purchased a new position in The Ensign Group during the 1st quarter worth approximately $34,000. Signaturefd LLC grew its position in The Ensign Group by 115.2% during the 3rd quarter. Signaturefd LLC now owns 284 shares of the company’s stock worth $41,000 after purchasing an additional 152 shares in the last quarter. USA Financial Formulas acquired a new stake in The Ensign Group during the 3rd quarter valued at $54,000. Finally, UMB Bank n.a. boosted its position in shares of The Ensign Group by 30.1% in the third quarter. UMB Bank n.a. now owns 385 shares of the company’s stock worth $55,000 after buying an additional 89 shares during the period. Institutional investors and hedge funds own 96.12% of the company’s stock.

The Ensign Group Price Performance

NASDAQ ENSG opened at $145.20 on Thursday. The company has a 50-day moving average price of $148.76 and a two-hundred day moving average price of $138.14. The stock has a market cap of $8.32 billion, a price-to-earnings ratio of 35.16, a price-to-earnings-growth ratio of 1.94 and a beta of 0.95. The company has a current ratio of 1.56, a quick ratio of 1.56 and a debt-to-equity ratio of 0.08. The Ensign Group has a 52 week low of $104.18 and a 52 week high of $158.45.

The Ensign Group (NASDAQ:ENSG) last issued its quarterly earnings data on Thursday, October 24th. The company reported $1.39 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.38 by $0.01. The business had revenue of $1.08 billion during the quarter, compared to analyst estimates of $1.07 billion. The Ensign Group had a return on equity of 17.21% and a net margin of 5.84%. The business’s revenue for the quarter was up 15.0% compared to the same quarter last year. During the same period in the prior year, the company posted $1.10 EPS. Analysts forecast that The Ensign Group will post 5.02 EPS for the current year.

The Ensign Group Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, October 31st. Investors of record on Monday, September 30th were paid a dividend of $0.06 per share. This represents a $0.24 annualized dividend and a yield of 0.17%. The ex-dividend date was Monday, September 30th. The Ensign Group’s dividend payout ratio is presently 5.81%.

The Ensign Group Company Profile

The Ensign Group, Inc provides skilled nursing, senior living, and rehabilitative services. It operates through two segments: Skilled Services and Standard Bearer. The company's Skilled Services segment engages in the operation of skilled nursing facilities and rehabilitation therapy services for patients with chronic conditions, prolonged illness, and the elderly; and offers nursing facilities including specialty care, such as on-site dialysis, ventilator care, cardiac, and pulmonary management, as well as standard services comprising room and board, special nutritional programs, social services, recreational activities, entertainment, and other services.